Consumer Finance ABstract 2023 Year-End Reprise | Alston & Bird
As we reflect on the previous year and look toward the new year, we thought you’d appreciate our top 20 most-read Consumer Finance ABstract posts from 2023...
Source: jdsupra.com
Stephen Ornstein News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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CFPB warns mortgage shopping sites on RESPA violations
The regulator said it is a violation of anti-kickback rules to present lender results based on their payment to the platform rather than criteria that serves the potential borrower.
Source: nationalmortgagenews.com
CFPB's QM rule under scrutiny after dust-up over bank statement loans
The loans for self-employed borrowers are getting a fresh examination to determine if they fall within the Consumer Financial Protection Bureau's updated guidelines for qualified mortgages, which went into effect in October.
Source: americanbanker.com
The CFPB is Sending Mixed Messages on COVID-19 Flexibility | Alston & Bird
To embed, copy and paste the code into your website or blog: A&B ABstract: The CFPB’s inconsistent statements about the need for flexibility to address the pandemic suggest a deeper game afoot. CFPB warns that continued COVID flexibility for financial institutions is not prudent… On March 31, 2021, the CFPB announced it would be rescinding seven policy statements issued last year that provided financial institutions with flexibilities regarding certain regulatory filings or compliance with consumer financial laws and regulations due to the COVID-19 pandemic. One of the rescinded statem...
Source: jdsupra.com